South Africa: The price of Grain futures drops
Write:
Persia [2011-05-20]
According to the South African media, lately the newest price in integrated futures market in South Africa demonstrated that the price of Grain futures may has a further drop. The quantity of white cereal product is biggest that residents eat in South African. The delivery price drops to 1,627 rand/ton in July. It is approximately equal to 246 US dollars. The decline scope is 2%. It is approximately 33 rand. The delivery price of yellow cereal product which domestic animals eat drops to 1,663 rand/ton in July. The decline scope is 1.8%. It is approximately 31 rand. The price of wheat futures drops to 3,040 rand/ton in May. The decline scope is 1.6%. It is approximately 50 rand.